Stair Lift Market Growth, Trends and Forecasts- Thyssenkrupp Elevator AG, Handicare Group AB, Bruno Independent Living Aids

The Stair Lift market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Stair Lift market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Stair Lift from 2021 till 2026.

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The market for the stairlift is expected to register a CAGR of 7% over the forecast period 2020 to 2025. The factors such as the aging population, accompanied by challenges such as mobility, and safety, have been driving the stairlift market's growth in the past few years.

- According to the report published by World population prospects in 2019, one-sixth of the world population would be over the age of 65 by 2050, which is currently one in every eleventh person. This age group of people are more likely to have issues with mobility and would require assistance.

- Also, the World Health Organization( WHO), in 2019, has identified over 2 billion people worldwide who suffer from disabilities. 20% of these people find difficulties in their day-to-day activities. Around 75 million people rely on a wheelchair for their daily commute. These instances limit the disabled population's access to services such as healthcare centers, work, and educational institutions while increasing their dependency.

Top leading Manufacturers Profiled in Stair Lift Market Report are: Thyssenkrupp Elevator AG, Handicare Group AB, Bruno Independent Living Aids, Inc., Stannah Lifts Holdings Ltd, Acorn Stairlifts, Inc., Mobility Stairlift Ltd, Candor Care Limited, Acme Home Elevator, Ameriglide, Inc., Garaventa (Canada) Ltd, Bespoke Stairlifts Limited, American Elevator Company Inc, Artico Group Ltd

Regional Analysis for Stair Lift Market:

For a comprehensive understanding of market dynamics, the global Stair Lift market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Europe to Hold Major Market Share

- The European region holds significant market share owing to factors such as the increase in the average age of the population, government bodies concern towards the problems faced by the elderly, and impaired mobility population. Additionally, the region also has the presence of organizations such as EPSA that ensure the products meet the user's requirements and regulations.

- For instance, In May 2019, Handicare group considered one of the prominent players in the market revealed its UK dealer partners that its trade division grew by 26% as compared to the year 2018 with a turn over of EU 62 million in the UK. The company plans on investing in the region in the near future.

- Vendors in the region are debuting their flagship technologies to capture the market share. For instance, In May 2019, Candor Care Limited announced the launch of a curved rail system based stairlift with lead times that uses patented technology based individual components as a mark to debut in the UK. The product is aimed to counter the demand for straight stairlifts. Additionally, the company also signed a partnership deal with Dutch-based stairlift manufacturer Devi to help its distribution and installation.

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- June 2020: UK Mobility Stairlifts London announced its New Stairlift Rental Options. The company aims to provide the latest stairlift technology at the lowest price, and it is an affordable way of having a stairlift by renting it.

- December 2019: Investment AB Latour announced the acquisition of Invalifts Ltd and Ability Lifts Ltd based in the UK through its subsidiary Artico Group. The acquired companies primarily distribute, install, and service the lifts in the UK and have a turnover of GBP 5 million. Investment AB Latour aims to leverage the acquisition by strengthening Artico's position in the UK market.

What is the Impact of Covid-19 Outbreak on the Stair Lift?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Stair Lift.
- Stair Lift Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Stair Lift market:

- What are the recent developments and government policies?
- What are the top trends in the Stair Lift market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Stair Lift market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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